New York State Common Retirement Fund, Albany, committed €8.7 million ($11.1 million) to Palatine Private Equity Fund II, confirmed Eric Sumberg, a spokesman for state Comptroller Thomas DiNapoli, the sole trustee of the $146.5 billion pension fund.
Palatine focuses on small- to midmarket companies in the U.K., Mr. Sumberg wrote. It's the pension fund's first commitment to the manager.
Separately, the pension fund added $120 million to an emerging markets equity portfolio run by Genesis Investment Management. The pension fund previously had committed $400 million to Genesis, Mr. Sumberg said in an e-mail.